Ferrari’s CEO steps down

Italy
Published:  11 December, 2020
Credit: Ferrari

On December 10, the luxury sportscar manufacturer announced that Louis Camilleri is to retire with immediate effect from his role as the company’s CEO and as member of the Board of Directors.

According to Ferrari, Camilleri is stepping down for personal reasons. Ferrari’s Executive Chairman, John Elkann, is to act as interim CEO while the Ferrari Board of Directors search for a successor.

On November 3, Ferrari said it was on track to achieve top end of full year guidance, with 2,313 units shipped in the third quarter of 2020, down 161 units or 6.5% year-on-year. Read more here.